GTA Accounting Insights

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Simplified Method For GST/HST

As a small business, managing your taxes is probably one of the most time-consuming affairs you have to deal with. Thankfully, there are ways that you can reduce the paperwork and make HST/GST filing simple and quick for your business. When GST was introduced back in 1991, the government made efforts to ensure it doesn’t…
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Tips For Filing HST In 2018

If you are running a business, small or large, you need to ensure you comply with all the tax reporting requirements. It can be difficult to properly file HST if you don’t have professional help. There have been changes in HST that you need to know in order to file accurately. Below are a few…
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What Is The Quick Method For GST/HST Filing

The quick method of accounting is used by small businesses to calculate HST remittances or file returns. This method is quite simple and straightforward because it doesn’t require one to report actual HST paid or payable on all the purchases. Therefore, using this method in HST filing can significantly reduce paperwork. With this method, you…
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RRSP And Taxes

Contributing to a Registered Retirement Saving Plan can have some major tax benefits. The RRSP contribution is usually exempt from tax. You simply have to keep the money in the plan in order to avoid paying taxes. If you withdraw a portion or all your RRSP, you will be required to pay taxes for the…
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Tax Tips For Self Employed Individuals In 2019

If you are self-employed, filing your returns can be such a dreadful affair. It gets more complicated since you don’t have the T4 income slip that the employed have. We’re here to make life a little bit easier for you. We’ll share some tips to help you get your taxes right. Keep Track Of Income…
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